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by nabla9
4257 days ago
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Good point. Industrialization in 19th and 20th centuries caused suffering in the transition period (1st industrial revolution resulted decrease in average height and drop in expected lifespan in Britain) and the public was able to fully enjoy the benefits of the industrialization only after massive political struggle that included violence (revolutions, unions, strikes, assassinations). The end result was society with new laws and new systems for wealth distribution. Did living standards improve during the Industrial Revolution?
http://www.economist.com/blogs/freeexchange/2013/09/economic... If we look into history for cues, industrialization should be seen as two step process: 1. New technology brings new opportunities and makes economy more efficient. It also changes power structures in the society and creates massive imbalances. 2. Dramatic technological changes are followed with equally dramatic changes in society that either happen trough political struggle or violence. |
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